Nearly two years after issuing a notification, the Securities and Exchange Board of India (SEBI) on Tuesday decided to implement amendments to insider trading norms for asset management companies (AMCs), designated persons, trustees or their immediate relatives from November 1. The regulator has asked AMCs to disclose on a quarterly basis details of the holdings
One97 Communication, the parent firm of Paytm, fell as much as 7.7% to an intra-day low of Rs 669.80. The company reported a net profit of Rs 930 crore in the second quarter of FY25 against a loss of Rs 290 crore posted in the same quarter a year ago. However, the company’s revenue from
Go to Live UpdatesHyundai IPO 2024 Live Updates: India’s largest-ever IPO yet, made its D-Street debut on October 18. The stock was listed at a discount of 1.3% on National Stock Exchange while it debuted on BSE at Rs 1,431, a discount of 1.48% to the issue price. Hyundai Motor India was subscribed to a
Go to Live UpdatesUltraTech Cement Share Price Today Live Updates, 22 Oct, 2024: The UltraTech Cement share is in news and the counter closed trade on 21 Oct, 2024 at Rs 10847.25. The shares touched intraday high of Rs 11158.0 in the last trading session while the intraday low was at Rs 10770.35. The company’s
Mazagon Dock Shipyards fell as much as 6.2% to an intra-day low of Rs 4,375.35 ahead of the board meeting for declaring Q2 results. The stock has fallen 25% from an all-time high of Rs 5,860. Recently, the company announced that its Board of Directors will meet to consider an interim dividend for FY25 and
Ola Electric Mobility’s share price rose over 4% in early trade on Tuesday after the company announced that it had resolved most complaints received from the Central Consumer Protection Authority (CCPA). The stock spiked as much as 4.45%, reaching a high of ₹85.30 on the Bombay Stock Exchange (BSE). Resolution of Complaints The electric two-wheeler
Shares of Share Samadhan Limited rose over 3%, reaching an intra-day high of Rs 77.22 on the BSE after the company announced that it secured a contract for litigation funding consulting related to emerging claims, including damages estimated at approximately Rs 1,240 crore. The engagement will operate on a success-fee basis, with final fees tied
Ambuja Cements, part of the Adani Group, has announced its acquisition of a controlling stake in Orient Cement Ltd. for an equity value of Rs 8,100 crore. The deal was disclosed in an exchange filing on Tuesday, October 22, and is expected to significantly boost Ambuja’s cement capacity and market share in India. Deal Structure
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
Indian equity benchmarks closed Monday’s session on a positive note. However, the benchmarks gave up the intra-day gains during closing. The Nifty 50 closed the session 32 points or 0.13% higher at 24,773, and the Sensex surged 75 points or 0.09% to end at 80,787. Similarly, the Nifty Bank was in line with the overall
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
